GUARANTEE AGREEMENT by and between NORTH STATE BANCORP, and U.S. BANK NATIONAL ASSOCIATION Dated as of March 17, 2004Guarantee Agreement • March 28th, 2006 • North State Bancorp • State commercial banks • New York
This GUARANTEE AGREEMENT (this “Guarantee”), dated as of March 17, 2004, is executed and delivered by North State Bancorp, a North Carolina corporation (the “Guarantor”), and U.S. Bank National Association, a national banking association, organized under the laws of the United States of America, as trustee (the “Guarantee Trustee”), for the benefit of the Holders (as defined herein) from time to time of the Capital Securities (as defined herein) of North State Statutory Trust I, a Connecticut statutory trust (the “Issuer”).
